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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (9123)	2/19/1998 12:07:00 AM
From: Kerm Yerman	of 15196

CORP. / Lateral Vector Resources Share Consolidation LATERAL VECTOR RESOURCES INC. ANNOUNCES APPROVAL OF SHARE CONSOLIDATION REGINA, Feb. 18 /CNW/ - Lateral Vector Resources Inc. (''LVR'' or ''Company'') announces that its Shareholders have approved a resolution which provides the company's board of directors with the discretion to consolidate the shares of the corporation on the basis of one newly issued common share in exchange for ten common shares or such lesser number of common shares as the directors may approve. A total of 99% of all ballots cast at the special meeting voted in favour of the consolidation which now enables the Company to pursue a listing on a US stock exchange. LVR believes a listing on a US exchange is desirable for the following reasons: 1. approximately 25% of LVR's outstanding share capital is held by US residents; 2. the Company believes there is the potential to expand the shareholder base in the U.S.; and 3. the company is already an SEC registrant and filer in the US. The Shareholders approved a two-year time period, within which the Company can effect the consolidation. The exact timing of the consolidation and pursuit of a listing will be at the discretion of the board but will be scheduled to coincide with other corporate developments in order to maximize shareholder value. The directors of LVR may elect not to act on or carry out the consolidation without further approval of the shareholders at any time prior to effecting the consolidation. The details of the consolidation are subject to the approval of The Toronto Stock Exchange. The Company intends to maintain its listing on The Toronto Stock Exchange. Lateral Vector Resources Inc. is a Canadian resource company with head office in Saskatchewan. The Corporation specializes in international oil projects and is listed on The Toronto Stock Exchange under the symbol LVR.

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